Meadow Valley Awarded New Construction Contracts Totaling $29.3 Million

  
    
  
  
    
      MEADOW VALLEY CORPORATION (NASDAQ:MVCO) announced today that it 
      has been awarded new construction contracts valued at a total of 
      approximately $29.3 million, and that it is the apparent low bidder on a 
      $67.9 million contract.
    
    
      The new contracts include a $15.2 million award from the city of North 
      Las Vegas, Nevada, to construct the Gowan outfall drainage feature, and 
      a $4.6 million contract to improve drainage at the City's airport. 
      Meadow Valley also was awarded a $2.0 million project by the City of 
      Henderson, Nevada, to improve taxi lanes at the Henderson Airport. In 
      addition, the Company was awarded a design-build project with a private 
      client to construct approximately $7.5 million in paving improvements in 
      Phoenix, Arizona. All of these new contracts are expected to be 
      completed in 2008.
    
    
      Meadow Valley also announced that it was the apparent low bidder on a 
      $67.9 million contract with the Arizona Department of Transportation to 
      improve I-17 in Phoenix from the Loop 101 interchange to Jomax Road. The 
      work includes widening I-17 from four lanes to eight lanes, 
      reconstructing one interchange with new bridges, and widening four 
      existing bridges. The contract is expected to be awarded on December 21, 
      2007.
    
    
      About Meadow Valley
    
    
      Meadow Valley Corporation, based in Phoenix, Arizona, is engaged in the 
      construction industry as both a contractor and a supplier of 
      construction materials. The Company's construction services segment 
      specializes in structural concrete construction of highway bridges and 
      overpasses, and the paving of highways and airport runways, primarily in 
      Nevada and Arizona. The Company's construction materials operations 
      provide concrete and gravel products primarily to other contractors. The 
      Company's materials operations are concentrated in Southern Nevada and 
      Arizona.
    
    
      Forward-Looking Statements
    
    
      Certain statements in this release are forward-looking statements 
      within the meaning of the Private Securities Litigation Reform Act of 
      1995. Such statements are based on current expectations, 
      estimates and projections about the Company's business based, in part, 
      on assumptions made by management. These statements are not 
      guarantees of future performance and involve risks and uncertainties 
      that are difficult to predict. Therefore, actual outcomes and 
      results may differ materially from what is expressed or forecasted in 
      such forward-looking statements due to numerous factors, including the 
      following: changes in demand for the Company's products and 
      services, product mix, the timing of new orders and contract awards, the 
      impact of competitive products and pricing, excess or shortage of 
      production capacity, and other risks discussed from time to time in the 
      Company's Securities and Exchange Commission filings and reports, 
      including the Company's Annual Report on Form 10-K for the year ended 
      December 31, 2006. In addition, such statements could be affected 
      by general industry and market conditions and growth rates, and general 
      domestic economic conditions. Such forward-looking statements 
      speak only as of the date on which they are made and the company does 
      not undertake any obligation to update any forward-looking statement to 
      reflect events or circumstances after the date of this release.